Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how to find actual materials how to find EV and AC and how many dollhouse actual Instructions 1. Use the following assumptions and rules to
how to find actual materials how to find EV and AC and how many dollhouse actual
Instructions 1. Use the following assumptions and rules to calculate your earned value results. a. Imagine you're building highly-detailed doll houses. b. You expect to build 3 doll houses per month; c. Doll houses take 30 hours of labour each; d. You pay the labourer $20/ hour for a maximum of 100 hours a month; 20100 e. The labourer stops work when 3 dollhouses are built, unless the project is =2000 behind schedule; f. You use $500 worth of materials per doll house; g. All materials must be on hand before you start work on the doll house; h. You sell the doll houses for $3000 each; and i. You are using the 0/100 rule to calculate EV (that is, no value is earned until a dollhouse is complete) j. Hint: The dollhouses have a value of $1100 each ( $600 in labour +$500 in materials) 2. If you receive incomplete data from your labourer, then you can assume that: a. Materials purchased are for the correct number of dollhouses. b. She worked all stated hours. c. She worked exactly the number of hours needed to build the specified number of dollhouses. d. She used exactly the amount of material needed to build the specified number of dollhouses. MAStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started